SmallCapPower | January 29, 2016: A combination of increasing investor interest in technology, an aging North American population, and an expected rise in healthcare spending all bode well for the health technology space for the foreseeable future. That being said, the stock price weakness of the companies on our list today could prove to be short lived as the investment prognosis is positive.
QHR Corp. (TSXV: QHR) – $1.25
IT Services & Consulting
QHR Corp (QHR) is a Canada-based company that provides solutions to the healthcare information technology sector. The Company focuses on the development of technologies in the healthcare and social services sectors. QHR’s technologies and services enable secure medical records management for clinical environments, provide health providers with tools for virtual care, including secure video consultation and messaging, and facilitate billing, health insurance eligibility and the secure transfer of data related to claims.
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Market Cap: $64,023,374
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Revenue (LTM): $27,922,580
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Total Equity (LFQ): $21,654,010
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52-week Price % Change: -13%
Symbility Solutions Inc. (TSXV: SY) – $0.275
Software
Symbility Solutions Inc. is a Canada-based provider of cloud-based and smartphone and tablet-enabled claims technology for the property and casualty and health insurance industries. The Company has two operating divisions: Symbility Property and Symbility Health. Symbility Property is a property and casualty software that provides claims processing and estimating software for property and casualty insurers. Symbility Property is built around six modules, such as Symbility Claims Connect, Symbility Mobile Claims, Symbility Desk Adjuster, Symbility’s Assemblies, Symbility Business Intelligence and Symbility’s Video Connect. Symbility Health is group insurance software that provides software for insurers, third-party administrators, employee benefits brokers and the pharma industry. Symbility Health is built around four modules, such as Adjudicare, Symbility Health Mobile Claims, Symbility Health Online Claims Access and Portal, and Symbility Health UnionPro.
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Market Cap: $63,375,012
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Revenue (LTM): $25,411,000
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Total Equity (LFQ): $31,699,000
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52-week Price % Change: -23%
Syncordia Technologies and Healthcare Solutions Corp. (TSXV: SYN) – $0.40
Software
Syncordia Technologies and Healthcare Solutions Corp, formerly LL Capital Corp, is a Canada-based technology enhanced revenue cycle management (RCM) company. The Company is focused on various segments of healthcare, such as emergency medical services (EMS) and behavioral health. Syncordia is focused on investing in, partnering with and growing RCM companies. The Company is engaged in acquiring medical billing companies and in building a suite of RCM software solutions, the Syncordia Cloud. The RCM solutions include patient scheduling, electronic health records, claims management and analytics, among others.
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Market Cap: $7,844,650
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Revenue (LTM): $8,960,000
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Total Equity (LFQ): $30,928,275
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52-week Price % Change: -83%
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